Pakistans Cards and Payments Market Overview and Growth Report to 2018

Pakistan Cards Aand Payments Market Current Trends, Size, Share,

Industry Analysis, Competitive Intelligence, Growth, Opportunities and

Global Forecasts To 2018

Pakistan cards and payments market has been registering strong growth in the recent past. It is

expected to continue on the growth path. The number of cards circulated in 2009 was 1.5

million. It grew at a CAGR of 18% till 2013. The CAGR from 2013 to 2018 is likely to be

5.63%. Thus by 2018, about 3.6 million cards would be in circulation. The average transaction

value of cards in Pakistan was USD 92 which was the ninth-largest in Asia Pacific.

The presence of a huge untapped market will drive future growth. An increase in outbound

tourism is also proving beneficial. Government of Pakistan introduced favorable economic

reforms between 2009 and 2013. This has had a positive effect on the country’s GDP growth rate

which went up from 2.9% in 2009 to 6% in 2013, and is anticipated to stay strong in future. A

booming economy is bound to trigger higher demand for cards and payments.

For further information on this report, please visit http://www.radiantinsights.com/research/pakistan-s-cards-and-payments-industryemerging-opportunities-trends-size-drivers-strategies-products-and-competitive-landscape

Based on transaction value, payment cards (both credit and debit), were worth USD 18.7 billion

in 2013. This was the result of exceptional CAGR (25%) from 2009 to 2013. Debit cards are the

most favored payment instrument in Pakistan. They accounted for close to 95% of the total cards

and payments market in the country, in terms of transaction value. This dominance is likely to

continue in forthcoming years.

Debit cards are highly useful in paying utility bills and online fund transfers. They also eliminate

the need to make retail cash payments. They can be used to withdraw cash. Banks are focusing

on niche customer segments to increase sales of debit cards.

United Bank Limited (UBL) pioneered the use of prepaid debit...